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QUESTION
Adams Enterprises has bonds on the market that have 13 years left to maturity. These bonds sell for $1,045 and have an annual coupon. At this price...
2. Adams Enterprises has bonds on the market that have 13 years left to maturity. These bonds sell for $1,045 and have an annual coupon. At this price the bonds yield 7.5%. What is the coupon rate on these bonds?They have a coupon rate at 7.5%, and pay semi-annual payments. It the yield to maturity is 8.75%, what is the current bond price?
